The village chief said 10.20 market analysis, what to watch this week and what to watch today

Preface

Data released by Da Nili showed that the number of initial jobless claims for the week was 198,000, lower than the expected value of 212,000 and lower than the previous value of 209,000. The labor market remains good, recording the smallest increase since the week of January 23, 2023.

Powell is making his last public speech before the silence period at this interest rate meeting. Protesters interrupted the speech, and Fed Director Jerome Powell was escorted out.

Market review

Yesterday, the market rebounded as expected and then surged higher, all the way from morning to night. Even with the U.S. stock market opening lower at night, it still went all the way up. It reached a peak of around 28,900, which is considered a strong performance. However, the difference is that other small coins include 2 Including the pie, none of them followed the strong trend. They just followed the trend upward and performed very weakly. This may be related to the external environment. In the general environment, except for gold and oil, other markets are falling. Please treat it with caution.

The anticipated copycat season still needs to wait. It is estimated that it will not start until the market breaks through again before the weekend of next week.

Today’s highlights and this week’s highlights:

At present, we will first look at the morning surge, then look at the retracement throughout the day, and wait for the big beautiful stocks to open in the evening to see the trend. The recent trend has been going up and down over and over again. It is estimated that today's scenario is similar to yesterday's. It just rises first and then falls, or falls first and then rises. On the intraday level, the first support level of the market is 27800-28000. Today, we will first look at the upward trend, then look at the reversal, and then see if it can break through. The intraday level of the market has also been sideways for a few days, and it is about to show its direction. Today, it is intraday The support points on the level are mainly around 28,000. If it breaks, look at the 27,600 line. If it breaks, it will be 27,000. The first target point above focuses on the 29,000 line. Focus on 29,200-29,500. I think it is the first short selling point. The second target point is to focus on the resistance point of the 30,000 line.

The current support point of the two cakes is formed in the 1540-60 range. Today, I will first look at the upward trend and then look back to see the conflict break. Currently, the two cakes are relatively weak. The major support point today is around 1520-1530. Mainly, the first target resistance point above is focused on the 1600 range, which is also the first short position. This week, the two cakes will vigorously step back to 1500-1450 and then rebound. Subsequently, the two cakes will make up for the increase. The first target point is 1640. Near the first line, the second target point focuses on the position of the first line near 1720.